This report outlines the proposed performance measures and indicators of success for the Rehabilitation and Redevelopment Tax Grant available in the SoHo CIP, Upgrade to Building Code Loan available in the Hamilton and SoHo CIPs, and the Façade Improvement Loan available in the Hamilton Road, SoHo, and Lambeth CIPs, and the Forgivable Building Code and Façade Improvement Loan available in Hamilton Road area.
Preliminary targets have also been identified that, when met, will inform Civic Administration to modify the incentive programs, including potentially reducing grant or loan funding, or to discontinue the incentive program.
This report also discusses:
- How the grant and loan programs work and the up-take;
- Consultation to date;
- Research and data collection to date;
- The COVID-19 pandemic impacts generally on businesses in the Hamilton Road, SoHo, and Lambeth Community Improvement Project Areas;
This report recommends the proposed performance measures, indicators of success, and targets be circulated to specific individuals and organizations who use the programs on a regular basis, the general public, and standard planning application circulation recipients.
A report and a Public Participation Meeting at a future Planning and Environment Committee will discuss the input received during the circulation process and recommend amending the Hamilton Road, SoHo, and the Lambeth Community Improvement Plans to add the refined performance measures, indicators of success, and targets.